About this home

We found 3 Cons,5 Pros. Rank: price - $2.67M(95th), sqft - 4197(92th), beds - 8(95th), baths - 8(95th).

This is a rare opportunity to own a two unit(Back house brand new ADU:1200 SQ.FT) dream home in the heart of Monterey Park. (1) Front house: 5-bedrooms/ 5baths features one of the most desirable floor plans. The main floor seamlessly flows from the family room, living room, main floor guest suite, kitchen and expansive outdoor recreation area. Stunning features and amenities such as the dining room, adjacent patio, dramatic staircase and extraordinary foyer are illuminated by large windows and glass doors. The gourmet chef's kitchen features professional-grade appliances and custom kitchen cabinets. Upstairs, the rare and luxurious primary suite is the ultimate retreat with beautiful views, a spacious bathroom with an oversized walk-in shower and Jacuzzi tub. Other additional guest bedrooms also feature a practical layout for everyday living. Central A/C and 3-cars garage. (2) Back house: Brand new 3-bedrooms/3 baths ADU with brand new kitchen and cabinet, open dining area, vinyl floor in every room and tile in the kitchen. This home is close to park, school, bank, shopping and restaurants, perfect for a large family or to live in one and rent out the other.

Condition Rating

Good

This property features a unique combination of a 2002-built front house and a brand new ADU. The ADU is in excellent condition, boasting a new kitchen, cabinets, and modern flooring. The front house, while 22 years old, is described as having a 'gourmet chef's kitchen with professional-grade appliances and custom kitchen cabinets,' and a 'luxurious primary suite' with an oversized walk-in shower and Jacuzzi tub, along with central A/C. While the front house's aesthetics may not be as contemporary as the brand new ADU, as noted in the weaknesses, the high-end features and implied good maintenance suggest it is move-in ready with no immediate renovation required. The overall condition, blending a brand new unit with a well-appointed and maintained older unit, places it firmly in the 'Good' category.

Pros & Cons

Pros

Income Potential/Multi-Generational Living: The property features two distinct residences (5-bed/5-bath front house and a brand new 3-bed/3-bath ADU), offering significant flexibility for rental income or accommodating extended family.

Modern & Luxurious Front House: Built in 2002, the front house boasts a desirable floor plan, gourmet chef's kitchen with professional-grade appliances, a luxurious primary suite with views, Jacuzzi tub, central A/C, and a 3-car garage.

Brand New ADU: The 1200 sqft ADU is brand new, featuring a new kitchen, cabinets, and modern flooring, requiring no immediate updates for the secondary unit.

Prime Monterey Park Location: Situated in the heart of Monterey Park, the property offers excellent proximity to parks, schools, banks, shopping, and restaurants, enhancing convenience and lifestyle.

Spacious Living & Lot Size: With a total of 8 bedrooms, 8 bathrooms, and 4197 sqft of living space on an 8033 sqft lot, it provides ample room for large families or multiple occupants, complemented by potential views.

Cons

High Price Point: The list price of $2.668 million represents a substantial investment, potentially narrowing the pool of prospective buyers.

Age of Front House: While well-appointed, the front house was built in 2002, meaning some components or aesthetics may not be as contemporary as the brand new ADU, potentially requiring future updates.

Potential for Shared Space/Privacy Concerns: As a two-unit property on a single lot, there could be considerations regarding shared outdoor spaces or perceived privacy between the main house and the ADU, which might not appeal to all buyers seeking complete separation.

About this home

Pros

Cons

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501 N Rural Drive, Monterey Park, California 91755, Monterey Park, 91755 - 8 bed, 8 bath

About this home

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI